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My Credit cards are close to their limits and it is negatively affecting my credit. Once I pay them down, how quickly will my credit scores raise? How much will this cause my scores to raise?

5 Thoughts on How soon and how much will my credit scores go up by paying off my credit cards that are close to their limits
  1. Reply
    July 12, 2011 at 4:09 am


    they wont raise that fast but it should start going up after a few months. You should see a significant difference in a couple years.

  2. Reply
    July 12, 2011 at 4:15 am

    When you get Credit card or other Credit you should olny owe 30% of what they lend you in order to have a good credit. IT Depends on how much they go up, sometimes paying them all off its not good. if you own a car or a house its okay to owe more then 30%.
    Pay everything on time and never be late can help you alot.
    P.S. if you cant lower you Debt then try to have you account Increased.

  3. Reply
    July 12, 2011 at 4:19 am

    Since it sounds like you are talking about a current account and not a negative —

    The company will update your report reflecting your payments at their usual time of the month.
    When that happens, your score will immediately rise.

  4. Reply
    July 12, 2011 at 4:32 am

    Depending on your total credit “picture” you could see a significant rise in your score (50 -100 points) very quickly if you pay them down all at once. If you just plan to pay them down over time then you will see a gradual rise in your score. Remember that revolving credit utilization is but one of the dozens of criteria that FICO uses to determine your final credit score. Payment history, number of inquiries, and age of accounts are other significant criteria that can greatly help or hurt your score. Many people believe that improving one area will make a significant difference in their score but you really need to work on all of them at once. Good Luck!

  5. Reply
    judy b
    July 12, 2011 at 5:12 am

    pretty fast my did! good luck.
    My score went up plus id dint have any late paaayments

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